Character 4 bedroom Farmhouse for sale with countryside view in Loule, Algarve
Beautifully designed to harmonise with its location, the property offers a parking area right at the entrance and access to a double garage. On entering the house, there is a beautiful large elegant entrance hall leading to the spacious open living room and dining area with a fir place and high wooden ceilings, which are a constant throughout the house. Patio doors lead out onto a covered terrace overlooking the swimming pool and picturesque valley. The country style kitchen is fully equipped with a central Island and a small ...
Beautifully designed to harmonise with its location, the property offers a parking area right at the entrance and access to a double garage. On entering the house, there is a beautiful large elegant entrance hall leading to the spacious open living room and dining area with a fir place and high wooden ceilings, which are a constant throughout the house. Patio doors lead out onto a covered terrace overlooking the swimming pool and picturesque valley. The country style kitchen is fully equipped with a central Island and a small breakfast area. Just outside the kitchen there is a laundry room. On the left side, there is a library and an office. From there there is access to an en-suite bedroom with access to the exterior and 2 more bedrooms sharing a family bathroom. To the right is the guest WC and the master bedroom with fitted wardrobes and access to a private balcony overlooking the garden and swimming pool and a spacious en-suite bathroom.
The house has underfloor heating for heating and cooling with a heat pump and solar panels, wooden ceilings and Italian bathroom tiles and artistic Italian painting.
This is a fabulous property that also has a salt-water swimming pool with pre-installation for heating and a annex for alfresco dining, seating area with a bar, a small kitchen and a barbecue area.
The beautifully landscaped gardens have automatic irrigation and an orchard area with lots of different fruit trees.
This is a beautiful farmhouse to live all year round or to spend a fantastic holiday with an incomparable comfort and tranquility very well located close to Loule.
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This Farmhouse is located in Loule in Portugal
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Buying a Property in Portugal
1. Signing a Letter of Intent
On finding a property you wish to purchase, your agent will draw up a 'Letter of Intent, this will be signed by both parties, vendor and buyer. Copies of this will be given to the legal representatives of both parties and will be used in preparing the Promissory Contract. Included in this letter will be the price, what is included in the sale, furnishings etc. and any conditions of the sale plus the dates for both exchange and completion.
2. Exchange of Promissary Contract (Contrato Promessa de Compra e Venda)
The buyers lawyers are responsible for drawing up the promissory contract (Contrato Promessa de Compra e Venda) and as part of the process they will have carried out the legal searches and made sure that there are no charges, e.g. utilities, property tax etc. against the property. The contract will contain details of both parties and include clear title of ownership, when payments are due to be made, the completion date and an inventory, if required. The Promissory Contract is legally binding and will generally be signed by both parties and witnessed by a notary/lawyer. The contract will include penalty clauses in case either party does not fulfill the terms of the contract. A 10%, non-refundable deposit is required at this point, this will be paid to the vendor, through the lawyer's client account. Once the contract has been signed, if the vendor pulls out of the contract, they will be obliged to pay back double the deposit to the purchaser. If the purchaser pulls out, they will lose their deposit.
3. On Completion
The amount of time between signing the Promissary Contract and Completion will vary and will have been agreed in the contract. Before Completion your lawyer will need to arrange with a fiscal representative for you to obtain a Portuguese Fiscal Number. The official Deed of Transfer of ownership (the Escritura) will be signed by you (or someone representing you with your Power of Attorney), this is signed at the Notary and they will retain the document. The Deed will be read aloud by the Notary before all participants sign it. Your lawyer will need to check to ensure that you understand what is being said if you do not understand Portugese. The Escritura, once it has been signed, will officially give you ownership of the property, but will still need to be registered in your name on the Land Registry (Registo Predial) by your lawyer. Your lawyer should obtain a copy of this for your records. Once you have completed, the new utility contracts can be transferred into your name by your lawyer.